Answer and Explanation:
<u>I would most likely do this:</u>
Explain the issue to the team and praise them for their work in my absence. I would let them know there would be more time soon. It is very essential to praise and appreciate these efforts by the associates since I have been absent for a while and do not know what efforts they have been putting in.
<u>I would be least likely to:</u>
Talk to the manager to explain this situation or propose that my some of my commitments are eased for me to have more time with my team
Answer:
C) the firm is experiencing a diminishing marginal rate of technical substitution.
Explanation:
Isoquant reflects factor combinations which give producer same output level. It is analogous to consumer's indifference curve, reflecting goods combinations giving same satisfaction level.
- It is downward sloping as same quantity of a good can be produced by - one factor increase, other factor decrease & one factor decrease, other factor increase.
- It is also concave i.e inwards bending towards origin, because of fallings slope. It implies that marginal rate of technical substitution (fall in one factor , replaced by gain in other factor) with same level of output i.e same isoquant - keeps on falling.
This concept is highlighted in the given statement : If a firm hires one worker and eliminates four units of capital, and hires one more worker and replaces three more units of capital, keeping output constant.
Answer:
Ending cash balance$8,230
Explanation:
Preparation of basic cash budget for the month of January.
Wildhorse Co CASH BUDGET for the month of January
Beginning cash balance$11,890
Add: Cash receipts $59,320
Total cash available $71,210
($59,320+$11,890)
Less: Cash disbursements ($66,850)
Excess of available cash over cash disbursements $4,360
Financing needed $3,870
($8,230-$4,360)
Ending cash balance$8,230
Therefore the basic cash budget for the month of January will be $8,230
Answer:
Objective function:
Maximize Z: 30P1 + 25P2 + 28P3
Subject to: 2.00P1 + 1.50P2 + 3.00P3 ≤ 450 (Department A constraint)
2.50P1 + 2.00P2 + P3 ≤ 350 (Department B constraint)
0.25P1 + 0.25P2 + 0.25P3 ≤ 50 (Department C constraint)
P1, P2, P3 ≥ 0 (Non-negativity)
Explanation:
The objective function is formulated from the contribution margin of the three products. For instance, the contribution of Product 1 is $30, the contribution of Product 2 is $25 and the contribution of Product 3 is $28. Thus, the objective function will be 30P1 + 25P2 + 28P3.
The constraints were obtained from the departmental labour hours requirements for each product. For instance, Product 1 requires 2 hours in department A, Product 2 requires 1.50 hours in department A and Product 3 requires 3 hours in Department A. Thus, the constraint will be 2.00P1 + 1.50P2 + 3.00P3.
Objective <span>evaluation methods use some measurable quantity as the basis for assessing performance.
Objective evaluation tends to set some sort of countable standard and judge the employees based on whether they're able to pass that standard or not. An example of this countable standards are: Total sales, total customer complaints, total customer ratings, etc.</span>
